I. Key Points
International Benzene Markets: FOB Korea rose by USD 4 to USD 1,197/ton; CFR China fell by USD 4 to USD 1,215/ton. FOB Rotterdam surged by USD 85 to USD 1,376/ton; FOB US Gulf Coast (USGC) remained stable at 553 cents/gallon.
Core Logic: Multiple parties are attempting to ease tensions in the Middle East, while the Federal Reserve's rate hikes have strengthened the US dollar, leading to a decline in international crude oil prices. ICE Brent November futures closed at USD 105.83/barrel, down USD 2.92 or -2.69% period-over-period.
| Region | Sep 16 | Sep 15 | Change Rate |
|---|---|---|---|
| FOB Korea | 1197 | 1193 | 0.34% |
| CFR China | 1215 | 1219 | -0.33% |
| East China Market | 9925 | 9735 | 1.95% |
| Shandong Market | 9656 | 9513 | 1.50% |
| Notes: | |||
| 1. FOB Korea and CFR China benzene prices are in USD/ton; domestic benzene prices are in CNY/ton. | |||
| 2. Benzene prices reflect the closing average of mainstream markets. | |||
| 3. All RMB prices in the table above are spot exchange, tax-inclusive, ex-warehouse prices. | |||
| 4. Change rate refers to the period-over-period percentage change. |
II. Market Outlook
Crude oil gave up its gains overnight, causing night-session benzene futures to follow lower. With crude oil continuing to decline this morning, today’s benzene market is expected to open lower and trend downward.
| Data Item | Release Date | Previous Period Data | Current Period Trend Forecast |
|---|---|---|---|
| Benzene Inventory at East China Ports | Monday 16:00 PM | 38,000 tons | ↗ |
| Weekly Benzene Capacity Utilization Rate | Thursday 18:00 PM | 70.58% | ↗ |
| Weekly Benzene Profit Margin | Thursday 18:00 PM | 1,692 CNY/ton | ↗ |
| 1. ↓↑ indicates significant volatility, highlighting data dimensions with changes exceeding 3%. | |||
| 2. ↗ ↘ indicates narrow-range fluctuations, highlighting data with changes within 0–3%. |
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